5544 Lake Buffum Rd., Lake Wales, FL 33859
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$610,000
Sold on 2/07/17
Beds Baths Sq. Ft. Taxes Built
0.00 18,060 $7,654 1989
On the market: 556 days
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33 ACRES, Mobile Home Park, 18 park owned units with a good steady income stream, always rented. Great central Florida country setting, over 2,000 feet paved road frontage with 5 adjoining parcels containing 33 acres. Covered equipment storage and concrete block workshop/garage. Large improved pasture fenced for horses or grazing animals. Endless possibilities for future development. Good investment opportunity priced to sell, providing a 4.87 GRM annual and approximately a 10%+ CAP Rate for investor or a Mom and Pop operation. Live, work, and play right here.
Listing courtesy of Don Cleveland, JR & Don Gray, COLDWELL BANKER REALTY & COLDWELL BANKER REALTY